HANOI (Xinhua): The Vietnamese Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet when the Covid-19 pandemic eases.
Banks, credit institutions, construction companies and travel firms will be among key beneficiaries of the move, Vietnam News Agency reported on Thursday .
New banks can expect a massive 50 per cent reduction in licensing fees meaning they now just pay 70 million Vietnamese dong . There are big breaks for tourism companies as well. Specifically, licence fees for international and domestic travel services will be halved as well as the costs of tour guide cards.
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